ACL Semiconductors Appoints Three New Board Members

Dec 08, 2010, 11:49 ET from ACL Semiconductors

HONG KONG, Dec. 8, 2010 /PRNewswire-Asia/ -- ACL Semiconductors (OTC Bulletin Board: ACLO), a leading China-based distributor of Samsung memory electronic products in Hong Kong and Southern China, announced today the appointment of Messrs Man Sing Lai, Ho Man Yeung and Wing Sun Leung to its Board of Directors effective immediately.

Mr. Alan Yang, Chairman and Chief Executive Officer of ACL Semiconductors, commented "We are extremely pleased to add these three accomplished independent directors to our Board. Collectively they bring over 50 years of experience and we look forward to their valuable industry insights as we accelerate the company's long-term strategy. Our board expansion also reflects our commitment to corporate governance best practices, as we further enhance our leading position in distributing memory products in China. These individuals will be immediate, valuable and contributing members of our Board."

Mr. Man Sing Lai has been Chief Financial Officer of Mainland Headwear Holdings Limited, a headwear manufacturer, since 2008. From 2007 to 2008 Mr. Lai was Financial Controller of J.I.C. Technology Company Limited, a LCD manufacturer. From 2001 to 2007, Mr. Lai was the Director of Finance at GVG Digital Technology Holdings (HK) Ltd a DVD player manufacturer in China.

Mr. Ho Man Yeung has been a Director of Avnet Sunrise Ltd. since 2002. Avnet Sunrise Ltd. is a subsidiary of Avnet, Inc. (NYSE: AVT) a global distributor of electronic components and devices. Mr. Yeung brings over twenty-five years of experience in the electronic distribution industry.

Mr. Wing Sun Leung has been Project Director since April 2010 at German Alternative Investment (Shenzhen) Company Co. Ltd. an investment and advisory services firm. From 2007 to 2009, Mr. Leung was Vice President & Senior Consultant at Shenzhen Everich Industrial Co. Ltd., an importer and exporter of electronics. Prior to that, Mr. Leung was Sales Director at Sigmatel Asia Inc., a distributor of electronic components in China and Hong Kong. Mr. Leung has over twenty years of experience in the electronics distribution industry in the United States, China and Hong Kong.

About ACL Semiconductors

ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used in a broad range of consumer electronic devices including mobile phones, laptop computers and MP3 players. For more information about ACL Semiconductors please visit ACL Semiconductors' corporate website at http://www.acl-semicon.com.

Forward-Looking Statements

This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings.

Investor Contacts:

Kun Lin Lee

Joseph Villalta

Chief Financial Officer

The Ruth Group

ACL Semiconductors Inc.

+1 646-536-7003

+1 415-812-8626

jvillalta@theruthgroup.com

+852-3666-9939

klee@atlantic.com.hk

Media Contact:

Jason Rando

The Ruth Group

+1-646-536-7025

jrando@theruthgroup.com

SOURCE ACL Semiconductors



RELATED LINKS

http://www.acl-semicon.com